Carlyle and Providence team up for Fastweb

By

Nathalie Boschat

January 25, 2006 5:00 p.m. GMT

US private equity houses The Carlyle Group and Providence Equity Partners have teamed up to make a joint bid for Fastweb, the Italian broadband provider being targeted by three other buy-out firms and Swiss telecom company Swisscom.

Sources familiar with the situation told Financial News that the two have yet to table a formal offer and decide on the structure of a potential deal.